Caution Remains the Key Word
In ICC Men’s T20 World Cup of 2007, it was Yuvraj Singh who took Stuart Broad to knockers as he hit six sixes in a row! D-Street too witnessed a similar magical moment on Wednesday as the bulls knocked six sixes in a row i.e. they gained for the sixth straight session and on Thursday, Nifty was a whisker away from reclaiming its important psychological mark of 17,500, which was also our near to medium term target. However, the news of Chinese military carrying out precision strikes in the eastern part of Taiwan Strait sent shivers down the spine of market participants and as a result, the Nifty lost more than 300 points from the day’s high, only to recover back in bulk its losses and claw back above the level of 17,300.